Matrix Hudson Hudson, MA OPEN HOUSES Wednesday, August 3, :00 7:00 p.m. Saturday, August 13, :00 a.m. 2:00 p.m.

Size: px

Start display at page:

Download "Matrix Hudson Hudson, MA OPEN HOUSES Wednesday, August 3, :00 7:00 p.m. Saturday, August 13, :00 a.m. 2:00 p.m."

Gabriel Preston
5 years ago
Views:

1 Matrix Hudson Hudson, MA OPEN HOUSES Wednesday, August 3, :00 7:00 p.m. Saturday, August 13, :00 a.m. 2:00 p.m. Attached is the information regarding the affordable rental units at Matrix Hudson in Hudson, Massachusetts. Potential tenants will not be discriminated against on the basis of race, color, religious creed, marital status, military status, disability, national origin, sex, age, ancestry, sexual preference, source of income, presence of children, or any other basis prohibited by local, state or federal law. Located at 1000 Matrix Way in Hudson, Matrix Hudson is a new affordable rental project providing 44 affordable one and two bedroom units, by lottery, for eligible tenants. Surface parking is available for all tenants in the designated tenant parking area at no charge. Units are handicapped adaptable. The one bedroom has one bath and the two bedroom two bathrooms. Each unit includes a washer and dryer. This is a smoke and pet free development. Persons with disabilities are entitled to request a reasonable accommodation of rules, policies, practices, or services or to request a reasonable modification of the housing, when such accommodations or modifications are necessary to afford the person(s) with disabilities equal opportunity to use and enjoy the housing. The rents are not income based or subsidized. You are responsible for the full monthly rent. Section 8 is accepted but you should contact your Section 8 provider to determine if they will accept the project. The minimum income required, without a Section 8 Voucher is: 1 Bedroom: $36,510; 2 Bedroom: $43,380. The monthly rents are as follows: 1 bedroom - $1,217; 2 bedrooms - $1,446, utilities are not included. A utility allowance has been deducted from the final rents. Please note: Complete financial documentation is required and must be sent with your application to participate in the lottery. Included in this package is the list of required documentation to be sent in with your application. Applications will be logged in at time of receipt and will be reviewed after the application deadline. Incomplete applications will not be included in the lottery and the applicant will be notified after the application deadline. A Public Information Meeting will be held to answer specific questions and provide an overview of the lottery process. The meeting is scheduled for 6:30 p.m. on Monday, July 25 th, 2016 in the auditorium at the Hudson Town Hall located at 78 Main Street in Hudson. If you have questions and can attend this meeting, please hold them until that time. The application deadline is August 22 nd, You must submit a complete application postmarked on or before August 22 nd, 2016 to be in the lottery. The lottery is scheduled for 6:30 p.m., Wednesday, September 14 th, 2016 at the Hudson Town Hall. Thank you for your interest in affordable housing at MATRIX HUDSON. We wish you the Best of Luck. Please contact MCO Housing Services at or us at lotteryinfo@mcohousingservices.com if you have any questions. We encourage you to advise other people or organizations that may be interested in this program and make copies of the relevant information as needed. 1

2 Matrix Hudson AFFORDABLE HOMES through MassHousing Question & Answer The units will be leased in accordance with policies and guidelines established by the Commonwealth of Massachusetts Department of Housing and Community Development (DHCD) and MassHousing. What are the qualifications required for Prospective Tenants? Qualify based on the following maximum income table, which is adjusted for household size: Household Size Max Allowable Income $51,150 $58,450 $65,750 $73,050 LOTTERY APPLICANT QUALIFICATIONS: 1. Household income cannot exceed the above maximum allowable income limits. 2. The calculation of income will include an imputation of.06%% of the value of total household assets, if over $5,000, which is added to a household s income. Assets include checking and savings accounts, investment accounts, CD s retirement, etc. Assets divested at less than full market value within one year of application will be counted at full market value when determining eligibility. 3. Potentials tenants may not own another home. The affordable unit must be their principal, full-time residence. 4. Persons with disabilities will be given first preference for such units regardless of what pool they are in based on the requested bedroom size. Where a person with a disability is awaiting an accessible unit and a unit with adaptive features becomes available, the owner/management agent must offer to adapt the unit. 5. In addition to income and asset eligibility you will also be subject to a screening by the project and determined eligible based on that basis. Is there Local Preference? Yes, 31 one and two bedroom units will be for households who meet at least one of the local preference criteria, as stated on the application, included in this package. Are translation services available? Yes, upon request these services are available at no cost. Are there preferences for Household Size? In all cases, preference for the two bedroom units will be for households that require two bedrooms. Second preference is for households requiring one bedroom. Preference for the one bedroom units are for households requiring one bedroom. Unit size preferences are based on the following: a. There is a least one occupant per bedroom. b. A husband and wife, or those in a similar living arrangement, shall be required to share a bedroom. Other household members may share but shall not be required to share a bedroom. c. A person described in (b) shall not be required to share a bedroom if a consequence of sharing would be a severe adverse impact on his or her mental or physical health and reliable medical documentation is provided substantiating the adverse impact. 2

3 d. A household may count an unborn child as a household member. The household must submit proof of pregnancy with the application. e. If the Applicant is in the process of a divorce or separation, the Applicant must provide proof that the divorce or separation has begun or has been finalized, as set forth in the application. Are there considerations for minorities? Yes, if the percentage of minority applicants in the Local Preference Pool is less than the percentage of minorities in the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, currently 27%, a preliminary lottery will be held, comprised of all the minority applicants who do not qualify for the Local Preference Pool. Minority applicants would be drawn until their percentage in the local pool at least meets the percentage in the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Applicants not selected for the local pool would be in the open pool only. What happens if my household income exceeds the income limit? Annually you will be recertified for eligibility. Once your household income exceeds 140% of the maximum allowable income for your household size, then after the end of your current lease you will have the option of staying in your unit and paying the market rent or not renewing your lease. Lottery Process Due to the nature of the affordable units availability it is important for everyone to understand the procedure. Please understand the allowable income guidelines are adjusted based upon your household size. Also be advised that the program and its requirements are subject to changes in local, state or federal regulations. Lottery Pools Forty-four affordable units are available by lottery at Madison Place. The lottery has three pools; Local, Open and Handicap. The unit breakdown is as follows: Unit Size # of Units Local Pool Open Pool Handicap Accessible One Bedroom Units Two Bedroom Units In all cases, preference for the two bedroom units will be for households that require two bedrooms. Second preference is for households requiring one bedroom. Preference for the one bedroom units are for households requiring one bedroom. All of the applicants for a given pool will be pulled at the time of the lottery. This will establish the rankings for the distribution of units. This means if you are a two-person household and by the above definition require a one-bedroom unit and are drawn first in the lottery, we will move to the first applicant on the list that meets the unit preference for the two-bedroom unit. If we have gone through the list and have units remaining, we will begin working from the top of the list and you may have an opportunity to lease. Time Frames The first building will be available for occupancy August See below for estimated dates of occupancy for the remaining buildings. If you are selected and have the opportunity to lease a unit you will speak or meet with a representative to review your application to verify all information. Please be advised that the official income verification will be done at the time you 3

4 have an opportunity to lease a unit. Also understand you need to be income and asset eligible but will also be subject to a credit screening by the project and determined eligible or ineligible on that basis. Acceptance of Units It is important for all applicants to understand that specific units are attached to specific lottery rankings based upon the projected availability of the completed unit. Applicants will not have a choice of unit locations, style or schedules. You will not be able pass on a unit and wait for another unit. If you choose not to take the designated unit, you will go to the bottom of the list and may not have another opportunity. Summary We hope this helps explain the process by which the units will be distributed. It can be a lengthy and sometimes complicated process. We greatly appreciate your participation and wish you the best of luck in the lottery process. Unit Type UNIT AVAILABILITY BR Size # of Units Available Sq. Ft. A B OR B BH C D E F B1H = Handicap Accessible Unit Building # Availability A August 2016 B October 2016 C December 2016 Community Website: SMOKE & PET FREE COMMUNITY Community Room Bicycle Barn Garages 4

5 5

6 6

7 7

8 Required Personal Identification and Income Verification Documents TO BE RETURNED WITH APPLICATION Provide one copy of all applicable information. Complete financial documentation is required and must be sent with your application to participate in the lottery. Incomplete applications will not be included in the lottery and the applicant will be notified after the application deadline. If you have any questions please call, Please initial each that are applicable, and provide the documents, or write N/A if not applicable and return this sheet with your application. 1. Federal Tax Returns 2015 NO STATE TAX RETURNS 2. W2 and/or 1099-R Forms: Five (5) consecutive pay stubs ending within one month of lottery application for all jobs (check/direct deposit stubs). For unemployment, copies of unemployment checks or DOR verification stating benefits received. Same for disability compensation, worker s compensation and/or severance pay. 4. Provide current statement for full amount of periodic amounts received from Social Security, annuities, insurance policies, retirement funds, pensions, disability or death benefits and other similar types of periodic receipts. 5. Child support and alimony: court document indicating the payment amount. 6. Interest, dividends and other net income of any kind from real or personal property. 7. Asset Statement(s): provide current statements of all that apply, unless otherwise noted: Checking accounts SIX (6) months of statements EVERY PAGE FRONT AND BACK Pre-paid debit card statements current month Saving accounts current statement Revocable trusts Equity in rental property or other capital investments Investment accounts, including stocks, bonds, Treasury Bills, Certificates of Deposit, Mutual Funds and Money Market Accounts including all individual retirement accounts, 401K, Keogh accounts and Retirement and Pension funds. Cash value of Whole Life or Universal Life Insurance Policy. Personal Property held as an investment Lump-sum receipts or one-time receipts 8. Proof of student status for dependent household members over age of 18 and full-time students. 10. A household may count an unborn child as a household member. The household must submit proof of pregnancy with the application. 11. If the applicant is in the process of a divorce or separation, the applicant must provide legal proof that the divorce or separation has begun or has been finalized, as set forth in the application. 12. If you are self-employed you MUST provide a detail expense and income statement for the previous 12 months and six months of business checking and current savings accounts. Applicants Signature Co-Applicants Signature 8

9 Matrix Hudson LOTTERY APPLICATION Application Deadline: August 22, 2016 PERSONAL INFORMATION: For Office Use Only: Date Appl. Rcvd: LOCAL Pool: Y / N Household Size: Lottery Code: Date: Name: Address: Town: Zip: Home Telephone: Work Telephone: Cell: Have you ever owned a home? If so, when did you sell it? LOCAL PREFERENCE (Check all that apply) Proof of Local Preference will be required if you have the opportunity to lease. Current Resident of Hudson Current employed by the Town of Hudson and/or the Hudson School District Households with children who are attending the Hudson School District, i.e. METCO students Employee of a Hudson business and employees that have received a bona fide offer of employment by an Employer in the Town of Hudson Do you require a handicapped accessible unit? Yes No When would you be available to move in? Do you have a Section 8 Voucher (these rents are NOT income based)? Yes No Select Bedroom Size: One; Two FINANCIAL WORKSHEET: (Include all Household Income, which includes gross wages, retirement income (if drawing on it for income), business income, veterans benefits, alimony/child support, unemployment compensation, social security, pension/disability income, supplemental second income and dividend income.) Applicants Monthly Base Income (Gross) Other Income, specify Co-Applicants Monthly Base Income (Gross) Other Income, specify TOTAL MONTHLY INCOME: Household Assets: (This is a partial list of required assets. Complete all that apply with current account balances) Checking (avg. balance for 6 months) Savings Stocks, Bonds, Treasury Bills, CD or Money Market Accounts and Mutual Funds Individual Retirement, 401K and Keogh accounts Retirement or Pension Funds (amt you can w/d w/o penalty) Revocable trusts Equity in rental property or other capital investments Cash value of whole life or universal life insurance policies TOTAL ASSETS 9

10 EMPLOYMENT STATUS: (include for all working household members. Attach separate sheet, if necessary.) Employer: Street Address: City/State/Zip: Date of Hire (Approximate): Annual Wage - Base: Additional: (Bonus, Commission, Overtime, etc.) ABOUT YOUR HOUSEHOLD: (OPTIONAL) You are requested to fill out the following section in order to assist us in fulfilling affirmative action requirements. Please be advised that you should fill this out based upon family members that will be living in the apartment/unit. Please check the appropriate categories: Applicant Co-Applicant (#) of Dependents Black or African American Asian Hispanic/Latino Native Hawaiian / Pacific Islander Native American or Alaskan Native Other, Not White The total household size is (This is very important to determine the maximum allowable income for your household.) Household Composition (including the applicant(s) Name Relationship Age Name Relationship Age Name Relationship Age Name Relationship Age SIGNATURES: The undersigned warrants and represents that all statements herein are true. It is understood that the sole use of this application is to establish the preliminary requirements for placement into a lottery to have an opportunity to lease an affordable unit at Matrix Hudson. I (we) understand if selected all information provided shall be verified for accuracy at the time of lease. Signature Applicant(s) Signature Co-Applicant(s) Date: Date: Return with signed Affidavit & Disclosure Form and complete financial documentation to: MCO Housing Services P.O. Box 372 Harvard, MA

11 Matrix Hudson Hudson, MA Release of Information Authorization Form Date: I/We hereby authorize MCO Housing Services, Matrix Hudson Leasing Office, Madison Place Hudson LLC, or any of its assignees to verify any and all income, assets and other financial information, to verify any and all household, resident location and workplace information and directs any employer, landlord or financial institution to release any information to MCO Housing Services, Matrix Hudson Leasing Office, Madison Place Hudson LLC, or any of its assignees and consequently the Projects Administrator, for the purpose of determining income eligibility for Matrix Hudson in Hudson, MA. A photocopy of this authorization with my signature may be deemed to be used as a duplicate original. Applicant Name (Please Print) Applicant Name (Please Print) Applicant Signature Applicant Signature Mailing Address 11

12 Matrix Hudson Affidavit & Disclosure Form I/We understand and agree to the following conditions and guidelines regarding the distribution of the affordable units at Matrix Hudson through the MassHousing 40B in Hudson, MA: 1. The gross annual household income for my family does not exceed the allowable limits as follows: Household Size Max Allowable Income $51,150 $58,450 $65,750 $73,050 Income from all family members must be included. 2. I/We understand the calculation of income will include the higher of actual income from assets (if over $5,000) or an imputation of.06% of the value of total household assets which is added to a household s income in determining eligibility. 3. The household size listed on the application form includes only and all the people that will be living in the residence. 4. I/We certify all data supplied on the application is true and accurate to the best of my/our knowledge and belief under full penalty of perjury. I/We understand that providing false information will result in disqualification from further consideration. 5. I/We understand that by being selected in the lottery does not guarantee that I/we will be able to lease a unit. I/We understand that all application data will be verified and additional financial information may be required, verified and reviewed in detail prior to leasing a unit. I/We also understand that the Project s Owner will also perform its own screening to determine our eligibility to lease. 6. I/We further authorize MCO Housing Services to verify any and all income, assets and other financial information, to verify any and all household, resident location and workplace information and directs any employer, landlord or financial institution to release any information to MCO Housing Services and consequently the Projects Administrator, for the purpose of determining income eligibility for Matrix Hudson. 7. I/We understand that if selected I/we will be offered a specific unit. I/We will have the option to accept the available unit, or to reject the available unit. If I/we reject the available unit I/we will move to the bottom of the waiting list and will likely not have another opportunity to lease an affordable unit at Matrix Hudson. 8. Program requirements are established by DHCD and MassHousing and are enforced by MassHousing. I/We agree to be bound by whatever program changes that may be imposed at any time throughout the process. If any program conflicts arise, I/we agree that any determination made by MassHousing is final. 9. I/We certify that no member of our family has a financial interest in Matrix Hudson. 10. I/We understand there may be differences between the market and affordable units and accept those differences. 11. I/We understand that if my/our total income exceeds 140% of the maximum allowable income at the time of annual eligibility determination, after the end of my then current lease term I will no longer be eligible for the affordable rent. I/We have completed an application and have reviewed and understand the process that will be utilized to distribute the available units at Matrix Place. I/We am qualified based upon the program guidelines and agree to comply with applicable regulations. Applicant Co-Applicant Date Return with completed application and complete financial documentation to: MCO Housing Services, P.O. Box 372, Harvard, MA

Millstone Village Medway, MA

Millstone Village Medway, MA February 2016 Millstone Village is a new 80 unit community for age-qualified (55+) homebuyers being built on Winthrop Street in the Town of Medway. The development consists